The global gold demand reflected challenging global economic climate with India market up and China demand down. The WSJ's Clementine Wallop explains why next quarter may be stronger in Asia.

This transcript has been automatically generated and may not be 100% accurate.

I ... the the ... gold is down in part due to the economic times I'm Deborah con joining me now is planning team while ... reporter here and honk on ... a K ... and ... just how much has gold ... demand fallen in the past year ... and Nic and I respond by shopping from the consumers in China and India which has been the major thrust of concern ... of that that court said the World Gold Council says it dropped by eleven percent below the knee ... I'm that's ... and drop in Chinese them on contributing to it and that's and that's played a big drop for all the time and at what the impact of high price wise went down about three percent from a year ago ... it's also important to remember that last September and gold was at record highs in nineteen twenty pounds ... our around seventeen twenty ... remember the days when we were thinking when will it in the mid one thousand psychological character Varian and in a jump so much ... as eight times in India obviously the peak is called the concealer sat in the world have ... seen the pattern of consumption changed and it together for the third quarter ... and the frontcourt that we actually still are recovering in tandem on ... which felt very shopping and some people ... the court that the modest pick up as a result of predatory consumption ... and tested them on ... I'm not is potty because of a slightly stronger AP ... potty because people so why write about tax increases that was threatened during the second question the cave in China and in China and to mom felt that if the court found ... but is expected to pick up in the forecourt and this is partly as a result of the recent stabilization becoming they can't ... be ... coming to the end of the leadership transition ... and which is making people feel a little bit more confidence and that the Pentagon by its accountants told claims gold jewelry whatever it might be ... a game said if gold is at how much Holding's demands that it expected to increase in the fourth quarter to the World Council say ... and what's the likely knock on effect ... in price if the chain ... of command that increases ... the local council as held back from giving an explicit for crimes that this that that they're expecting chimed in and it's the twin engines for a struggle going on in the last three months of the ... normally the price is pretty sensitive to physical buying the T carry the end ... we just saw that the body festival ... assuming a real fuss all the physical going on ... so much and that we could see some principal coming straight from the physical appetite to get his estate to Bali that big time of year driving a lot of demand thanks Fran much come into money for training